Gas PricesPotential downside exists from a fall in gas prices, creating higher risk due to CRK's leverage and low free cash flow.
Production GuidanceCRK reduced its full year production guidance by 5.6% due to ongoing issues and delays spilling into the second half of the year.
ValuationCRK's valuation has expanded to a significant premium compared to its peers, which is seen as stretched without improvement in fundamentals like debt levels and free cash flow generation.